Platinum Jumps Most in 13 Months on Signs of Quickening Growth
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Platinum gained the most in more than 13 months after exports rebounded in Germany and China, while a labor dispute threatened to disrupt mine output in South Africa, the world’s biggest supplier.
German exports increased 0.6 percent in June from May, the Federal Statistics Office said today. Chinese shipments overseas climbed 5.1 percent in July from a year earlier, topping forecasts, according to the government. Northam Platinum Ltd., which operates the world’s deepest platinum mine in South Africa, today warned that strike action as a result of deadlocked wage talks will impact operations.